Health Care

NOTIONS: Health: another troubled bridge over U.S. watersRestricted Content

August 13, 2007
Bruce Hetrick
On a bookshelf in my office, I display a box of Kraft Macaroni & Cheese, three packs of Benson & Hedges cigarettes and the program from my late wife's memorial service. I display the pasta because, until the company was spun off earlier this year, Kraft Foods was part of Altria Group. I display the Benson & Hedges because that brand is part of Phillip Morris USA, which is also part of Altria Group. I display the memorial-service program because...
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Prescription drug abuse on the riseRestricted Content

August 13, 2007
J.K. Wall
When the Department of Justice slapped St. Vincent Indianapolis Hospital with a $1.2 million fine last month, it stunned local medical professionals. But the issue behind St. Vincent's troubles is no surprise. The diversion of prescriptions drugs from the medical field into recreational use is a widespread problem in Indiana and the nation.
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ECONOMIC ANALYSIS: How tax reform could fix ailing health care systemRestricted Content

August 6, 2007
Patrick Barkey
Will a new president and the next Congress finally take meaningful action to address the financial storm looming for health care? Perhaps. In the meantime, the pressures created by rising health care costs have been too strong for everyone else to wait. Businesses have been adapting to rising premiums for employer-provided coverage in predictable ways. And beginning with Massachusetts, states are responding to rising Medicaid costs by crafting solutions of their own. But much of the solution, whatever shape that...
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Local elder care service courts working care givers: My Health Care Manager partners with local firms to reach children of aging parents on the jobRestricted Content

August 6, 2007
J.K. Wall
Local startup My Health Care Manager has found a faster way to get its elder-care message out. It has persuaded five local employers to direct their workers to My Health Care Manager if they need help finding and coordinating care for one of their aging parents. As of Aug. 1, law firms Barnes & Thornburg, Ice Miller and Hall Render Killian Heath & Lyman, accounting firm Katz Sapper & Miller and the Indianapolis office of the Publicis advertising firm all...
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STARTUP GAZELLE WEB & CONSULTING LLC: Entrepreneur offers to help entrepreneursRestricted Content

July 30, 2007
-Amanda Getchel
STARTUP GAZELLE WEB & CONSULTING LLC Entrepreneur offers to help entrepreneurs Type of business: Consults with startup and growing companies Location: 885 Waveland Lane, Greenwood Phone: 450-7746 E-mail: lott.brandon@gmail.comWeb site: www.gazellewebandconsulting.comFounded: December 2006 Owner: Brandon Lott Owner's background: Lott, 33, grew up in the south side of Indianapolis and graduated from Indiana University in 1998 with a health care degree. He went to New York in 2005 to work as an operations manager for retailer Alan Flusser Custom Shop, but...
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ECONOMIC ANALYSIS: The link between taxes and high health care costsRestricted Content

July 30, 2007
Patrick Barkey
"Things that can't go on forever don't." If those famous words of the otherwise obscure Nixon-era economic adviser Herbert Stein apply to anything, it is health care spending. Most of us recognize that health care is expensive, breaking the budgets of many households, pressuring businesses and even challenging the spending capacity of giant federal programs like Medicare and Medicaid. What is less clear is why this is so, and what can, or should, be done about it. We spent more...
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Regulator's cheerleading chided as 'inappropriate': August event will promote health savings accountsRestricted Content

July 23, 2007
J.K. Wall
Not yet a believer in health savings accounts? Not to worry. The Indiana Department of Insurance is here to convert you. The insurance regulatory arm of Gov. Mitch Daniels' administration is staging a symposium Aug. 3 to educate employers on the benefits of health savings accounts. Employers are increasingly pairing the tax-favored accounts, stuffed with a couple thousand dollars for each employee, with high-deductible health insurance as a lower-cost alternative to health plans with co-pays. Most employers also pay for...
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Strides taken in life sciences, experts say: Industry panel: Thanks to ongoing efforts, Indiana has experienced serious progress as biomedical hotbed during last 5 yearsRestricted Content

July 23, 2007
Five leaders of Indiana's life sciences industry offered their perspectives at the Indiana Convention Center June 26 as part of the Indianapolis Business Journal's Power Breakfast Series. The panelists: Mike Arpey, managing director of global investment bank Credit Suisse's Asset Management Division and manager of the $73 million Indiana Future Fund for BioCrossroads, the state's life sciences economicdevelopment initiative. Ron Ellis, co-founder, president and CEO of Lafayettebased Endocyte Inc., a biotechnology company focused on the treatment of cancer through receptor-targeted...
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Benicorp halts new sales to fix system woes: Complaints, losses mount at local health insurerRestricted Content

July 23, 2007
J.K. Wall
Locally based Benicorp Insurance Co. stunned health benefits professionals this month by distributing a simple memo. The small provider of group health insurance and benefits administration services announced a moratorium on new business until the company resolved problems with a new claims-processing system. "It's highly unusual," said Sheri Alexander, manager of employee benefits at Gregory & Appel, an Indianapolis insurance brokerage. More than 180 complaints have been filed against Benicorp since Jan. 1, according to records at the Indiana Department...
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NOTIONS: A property tax sigh of relief and a reform wish listRestricted Content

July 23, 2007
Bruce Hetrick
The nightstand clock reads 5:17. Too early to wake up. But hey, I've been tossing and turning for hours, so why lie here any longer, pretending? The cause for this night's insomnia is money. Money for two kids starting college. Money to replace the Money to paint the house. Money for employees' salaries. Money for employees' parking. Money for employees' retirement. Money for employees' health insurance. Money for their families' health insurance. Money to get the yellow highway paint off...
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Startup drug firm lands veteran help: Immune Works, a fledgling firm with a promising lung drug, attracts former Indiana Health Industry Forum leader LangeRestricted Content

July 23, 2007
Scott Olson
A startup firm using Indiana University medical research to treat a fatal lung disease is raising money for clinical trials and has recruited a prominent life sciences veteran to lead the effort. Michael Klemsz, an associate professor at the IU School of Medicine, and Dr. David Wilkes, director of the school's Center for Immunobiology, founded Immune Works LLC in January 2006 along with Ronald Meeusen. Meeusen, a former Dow-AgroSciences researcher and BioCrossroads executive, served as a part-time president and CEO...
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VOICES FROM THE INDUSTRY: For a healthier economy, we need healthier HoosiersRestricted Content

July 23, 2007
Mark Miles
Indiana needs a trip to the doctor-and a stern lecture when we get there. We're among the nation's unhealthiest states. More than one of every four Hoosiers is obese, and we rank among the 10 worst states for smoking and high cholesterol. The outcomes should come put more stress on the system and drive up prices and premiums for everyone. Gov. Daniels has signed a progressive bill that provides affordable health insurance with a medical savings account plan to Hoosiers...
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Indiana's life sciences resources to be catalogued:Restricted Content

July 23, 2007
Tracy Donhardtreporter
An idea fermenting for some time in the minds of several Indiana Health Industry Forum insiders has solidified into a plan to catalogue all life sciences-related resources across the state. The not-for-profit group, which promotes economic development in the health care and life sciences industries, will use the information to create strategies for communities, regions and the state to boost Indiana's growth in the industry. Companies including Eli Lilly and Co., Roche Diagnostics and Zimmer Holdings have put the state...
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Speeding Toward Better Health: Regenstrief Institute continues to fine-tune a medical-records system that many think could someday become a national modelRestricted Content

July 16, 2007
J.K. Wall
Regenstrief Institute continues to fine-tune a medical-records system that many think could someday become a national model The Regenstrief Institute is a racing team. Only instead of drivers and grease monkeys, the Indianapolis-based medical research group has doctors and computer geeks. And instead of a race car, Regenstrief runs a massive computer database with 35 years of medical records from Indianapolis-area patients. But Regenstrief's mission is still all about speed. The not-for-profit is driving to discover better ways to care...
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Methodist, Decatur hospitals team up at Honda site: Providers supplying on-site, off-site health care to construction workers on $500 million auto plant projectRestricted Content

July 16, 2007
Ed Callahan
A major construction project is like a football game-no matter how careful everyone is, sooner or later someone is going to get hurt, at least a little. Indianapolis-based Methodist Occupational Health Centers Inc., which is part of Clarian Health Partners, is partnering with Decatur County Memorial Hospital to provide an answer to this problem at the Honda automobile plant construction site in Greensburg. The two institutions are providing on-site medical services and offsite treatment facilities for workers at the $550...
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EYE ON THE PIE: Health care and the pursuit of happinessRestricted Content

July 16, 2007
Morton Marcus
Some people believe the Fourth of July grants them liberty to disturb the night with their firecrackers. My pursuit of happiness is in conflict with theirs and I want them jailed. We all gladly infringe on the liberties of others while in pursuit of our own happiness. For example, should motorcyclists wear helmets? Yes, if all of us expect to pay their hospital bills (through higher premiums) and maintain them on disability after they have head injuries that might be...
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Richest soon may assume larger share of tax burden: BULLS & BEARSRestricted Content

July 16, 2007
Ken Skarbeck
The rise in property taxes and a doubling of the Marion County income tax have residents steaming. Yet as IBJ columnist Ron Gifford noted in his column last week, you can argue about which taxes legislators should increase-whether on property, income or sales-but the fact is that governments need more revenue, and, therefore, a variety of taxes are rising. Paying tax is not the most pleasant of human endeavors. However, in a capitalistic society, taxes are necessary and, when applied...
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Physician assistants taking on larger role: New law allowing prescribing power makes profession more appealingRestricted Content

July 16, 2007
Scott Olson
Indiana's physician assistants received a collective shot in the arm earlier this month when their authority to prescribe medicine to patients became effective. The profession had long lobbied lawmakers for the right before the Legislature relented with the passage of House Bill 1241 this year. July 1 officially marked the milestone in which Indiana became the last state in the nation to grant prescribing powers to physician assistants. "It's the right thing to do," said Dr. John Lucich, director of...
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WEDJ one year later: Ratings more than double: Revenue growth pushes Hispanic station toward recordRestricted Content

July 9, 2007
Anthony Schoettle
After years languishing as a ratings bottom feeder, WEDJ-FM 107.1 is quickly moving up the radio charts with its Hispanic format and is positioned to crack the market's top 10 stations. Since local radio veteran Russ Dodge was hired as general manager in late April 2006, WEDJ's rating for area listeners 12 and older has more than doubled, from 1.0 to 2.1, according to New York-based Arbitron Co. WEDJ's morning show is ranked No. 3 with listeners ages 18 to...
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City steps up effort to help immigrants: Mayor's wife spearheading program to better acclimate newcomersRestricted Content

July 2, 2007
Scott Olson
The burgeoning number of immigrants arriving in Indianapolis have a new source available to help them navigate unfamiliar surroundings and the kaleidoscope of social support systems available. The Immigrant Welcome Center is a program launched in October that uses volunteers dubbed "natural helpers" to link foreign newcomers to such basic needs as health care, government and transportation services. Although the effort is nearly 9 months old, it's just now getting up to speed as organizers are interviewing candidates to lead...
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Union targets IPL over efficiency, customer programs: Is workers' group taking on utility advocacy role?Restricted Content

July 2, 2007
Chris O\'malley
A union that's aggressively sought to organize the city's janitors unsuccessfully tried to intervene in an Indianapolis Power & Light case before state utility regulators. IPL's lawyers mopped the floor with the tenacious union-this time, anyway. The Service Employees International Union Local 3 wants IPL to expand its energy-efficiency and low-income customer assistance program, arguing that IPL and other utilities need to do more to help lower-income workers afford service. Attorneys who argue before the Indiana Utility Regulatory Commission said...
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ECONOMIC ANALYSIS: Long spoiled by low rates, nation now faces increaseRestricted Content

July 2, 2007
Patrick Barkey
It wasn't long ago that writing an economic analysis column meant-surprise-that you analyzed the ups and downs of the economy. And if you came of age in the 1960s and '70s, there were plenty of ups and downs to keep track of. Volatility in just about everything was higher then, with strikes, inflation and more frequent recessions the order of the day. And even though that environment has changed remarkably since the mid-'80s, the habit of peering at the data...
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BULLS & BEARS: Answers to tax questions are sometimes surprisingRestricted Content

July 2, 2007
Ken Skarbeck
Taxes are always a consideration in investment decisionmaking. Investors need to be vigilant to changes in the tax code, because from year to year there may be changes that can affect the choices they make. And while there are some broad tax generalities, an individual's tax profile is specific to that person. Navigating the tax code can be daunting. Yet with some tedious reading and a strong dose of common sense, investors can arrive at rational decisions. I have found...
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As barriers drop, even small firms go global: Local company pushed its blood monitor worldwide

June 25, 2007
J.K. Wall
Here's one way to send your company's revenue through the roof: Push your product into 70 countries around the world. That's easier said than done, of course. But it's exactly the path Polymer Technology Systems Inc. took to help quadruple sales of its cholesterol-checking device in the last three years. How Indianapolis-based PTS pulled off the feat shows how even small companies in Middle America can become global enterprises in today's economy. In fact, the possibility of worldwide expansion is...
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Reaching the Pinnacle: Local women forge a path to the top in health care managementRestricted Content

June 11, 2007
Julie Vincent
Local women forge a path to the top in health care management Health care is the second-fastest-growing sector of the U.S. economy, employing more than 12 million workers, according to the National Institute for Occupational Safety and Health. Women make up nearly 80 percent of the health care work force, and increasingly they're moving into the executive ranks. Locally, St. Vincent Indianapolis Hospital, Riley Hospital for Children and Noblesville's Riverview Hospital all have women at the helm. And women hold top...
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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